Month August

Buyers getting more mortgages as housing market seems to be recovering

The news from the housing industry is that their sector is starting to make a recovery. Housing markets have just hit an eighteen month high, and ten homes are being sold on average a month, double what it was at its lowest point in August. The council of mortgage lenders are saying that the amount of banks granting loans for mortgages has increased by thirty six percent. The numbers of people getting a mortgage still arent as high as they once were, with people still viewing the industry with a cautious eye. Recent reports have shown that the prices have steadied out and have now starting rising again very slowly. House prices have seen a 2.5 % each month for four months straight. It may be worth considering whether to buy that house now rather than waiting with the prices on the market still being lower than what they were before the ‘credit crunch’.

Does this news really seem to be as good as we first thought? If your a first time buyer, it varies -you new house in not going to cost more than it did a couple of months ago, but your more likely to get a loan from the banks. For sellers out there it has been recommended to wait a couple of months if prices are increasing to try and get the best deal they can. The winners from this is the estate agents, who will start to see more houses being sold and more money in from the house prices going back up. First time buyers were complaining that house prices were to high beforee we hit the recession, now we have the sellers moaning about the fall of the house prices, cant please everyone can you?

Looking for South west london estate agents for property to rent in Balham? Go here

Nanny of the Month (Aug 2010): Police Chief Busts Guy Who Keeps Drunks Off the Street